Statistics allow people to analyze surveys, experiments and other data, but they are easy to misrepresent or to use to mislead others. Statistical data is essential to the scientific method. It also helps companies, governments and other entities make decisions.Know More
Statistical analysis is used to determine if a scientific experiment produced a result that supported a hypothesis or not. While calculating the probability of an outcome, or "p-value," is the most common technique, one technique that is becoming more popular is Bayesian analysis, in which a statistician starts with a hypothesized model that is continuously updated over the course of an experiment. Statistical analysis helps experts determine if particular medical treatments are effective.
However, it is easy to misinterpret statistics and present deceptive analysis. One outlier in an experiment, for example, can skew results away from the true central mean. In addition, bias can be introduced into public surveys by asking questions in an inappropriate manner. So-called "push polls" can mislead the media and the public to believe something that is not supported by fair polls.
In addition, scientists are often accused of misinterpreting data. For example, a large sample is likely to contain one or more anomalous results. Scientists who do not state a clear hypothesis before running tests and conducting statistical analysis may conclude that one such small anomaly is evidence for a particular hypothesis even though the result is merely noise in the data.Learn more about Statistics
"Residual" in statistics refers to the difference between the calculated value of the dependent variable against a predicted value. The mean and the sum of the residuals are always equal to zero, and the value is positive if the data point is above the graph and negative if below it.Full Answer >
Experts use statistics to understand large and complex sets of data. Statistics are also helpful with surveys, which legislators use to affect policy. Knowing how statistics work is important for fully understanding news reports.Full Answer >
According to San Jose State University, statistics helps researchers make inferences about data. Instead of just using raw data to explain observations, researchers use various statistical analyses to derive predictions and trends from large data sets. Scientists and professionals use statistics in a variety of disciplines and fields, including biological sciences, political science and engineering.Full Answer >
Statistics is the study of numerical information, which is called data. People use statistics as tools to understand information. Learning to understand statistics helps a person react intelligently to statistical claims. Statistics are used in the fields of business, math, economics, accounting, banking, government, astronomy, and the natural and social sciences.Full Answer >